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on Resource Economics |
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Issue of 2005‒09‒11
four papers chosen by |
| By: | Michael Beer (Department of Quantitative Economics) |
| Abstract: | Every hedonic price index is an estimate of an unknown economic parameter. It depends, in practice, on one or more random samples of prices and characteristics of a certain good. Bootstrap resampling methods provide a tool for quantifying estimation errors. Following some general reflections on hedonic elementary price indices, this paper proposes a case-based and a model-based bootstrap approach for estimating confidence intervals for hedonic price indices. Empirical results are obtained for a data set on used cars in Switzerland. A semi-logarithmic model is fit to monthly samples serving as the input to different index formulae. Finally, bootstrap confidence intervals are estimated for Jevons-type hedonic elementary price indices. |
| Keywords: | hedonic regression; hedonic price indices; bootstrap methods; confidence intervals; used cars |
| JEL: | C43 C15 E31 L62 |
| Date: | 2005–07–22 |
| URL: | http://d.repec.org/n?u=RePEc:fri:dqewps:wp0004&r=res |
| By: | Eggert, Håkan (Department of Economics, School of Economics and Commercial Law, Göteborg University); Lokina, Razack B (National Environment Management Council (NEMC)) |
| Abstract: | This paper analyzes the causes for regulatory compliance using traditional deterrence variables and potential moral and social variables. We use self-reported data from Tanzanian artisanal fishers in Lake Victoria. The results indicate that fishers adjust their violation rates with respect to changes in the probability of detection and punishment, but they also react to legitimacy and social variables. A small group of persistent violators react neither to normative aspects nor to traditional deterrence variables, but systematically violate the regulation and use bribes to avoid punishment. <p> |
| Keywords: | compliance; fishery; Lake Victoria; legitimacy; normative; deterrence |
| JEL: | K42 L51 Q22 |
| Date: | 2005–08–31 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:gunwpe:0175&r=res |
| By: | Feng, Hongli; Kling, Catherine L.; Kurkalova, Lyubov A.; Secchi, Silvia; Gassman, Philip W. |
| Abstract: | The United States has invested large sums of resources in multiple conservation programs for agriculture over the past century. In this paper we focus on the impacts of program interactions. Specifically, using an integrated economic and bio-physical modeling framework, we consider the impacts of the presence of working land programs on a land retirement for an important agricultural region—the Upper Mississippi River Basin (UMRB). Compared to a land retirement only program, we find that the presence of a working land program for conservation tillage results in significantly lower predicted signups for land retirement at a given rental rate. We also find that the presence of both a large working land and land retirement program can result in more environmental benefits and income transfers than a land retirement only program can achieve. |
| Keywords: | Conservation Reserve Program, conservation tillage, environmental quality, income transfer, working land programs. |
| Date: | 2005–09–01 |
| URL: | http://d.repec.org/n?u=RePEc:isu:genres:12411&r=res |
| By: | Ye Feng; Don Fullerton; Li Gan |
| Abstract: | Mobile sources contribute large percentages of each pollutant, but technology is not yet available to measure and tax emissions from each vehicle. We build a behavioral model of household choices about vehicles and miles traveled. The ideal-but-unavailable emissions tax would encourage drivers to abate emissions through many behaviors, some of which involve market transactions that can be observed for feasible market incentives (such as a gas tax, subsidy to new cars, or tax by vehicle type). Our model can calculate behavioral effects of each such price and thus calculate car choices, miles, and emissions. A nested logit structure is used to model discrete choices among different vehicle bundles. We also consider continuous choices of miles driven and the age of each vehicle. We propose a consistent estimation method for both discrete and continuous demands in one step, to capture the interactive effects of simultaneous decisions. Results are compared with those of the traditional sequential estimation procedure. |
| JEL: | D12 H23 Q58 |
| Date: | 2005–08 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:11553&r=res |